Royal Oaks Residential Community Owners Associatio (EIN 760635723) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Royal Oaks Residential Community Owners Associatio, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Expenses of $3.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

The Association was established to perform services; maintain various common areas and perform community improvements; and enforce covenants of the declaration of a master planned community for a specific geographic area, in order to ensure the safety and welfare of the residents

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,738,751

Investment Income $110,469

Other Revenue $354,017

TOTAL REVENUE $3,203,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,485,344

Other Expenses $3,596,973

TOTAL EXPENSES $3,596,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,203,237	$3,015,968	+0.1%
Expenses	$3,596,973	$2,988,657	+0.2%
Net Income	$-393,736	$27,311	-15.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maureen Singleton	Director	2.00	Director	$0	$0	$0
Diana D Durning Gladwell	Secretary	2.00	Officer Director	$0	$0	$0
Larry Pain	Vice President	2.00	Officer Director	$0	$0	$0
Rodger Sumicek	Treasurer	2.00	Officer Director	$0	$0	$0
John Martin	President	2.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,203,237	$3,596,973	$4,159,474	$-393,736
2022	$3,015,968	$2,988,657	$4,784,055	$27,311
2021	$2,990,120	$2,924,612	$4,376,015	$65,508
2020	$2,969,503	$2,637,399	$4,333,686	$332,104

Royal Oaks Residential Community Owners Associatio